What is one legally recognized example of grand theft based on statutory definition?

The answer identifies the theft of a firearm as a legally recognized example of grand theft based on statutory definitions commonly outlined in laws. Grand theft typically involves the theft of property that exceeds a certain value threshold, which varies by jurisdiction.

In many states, firearms are categorized as high-value items due to their demand and potential resale value. Consequently, stealing a firearm often falls under the definition of grand theft because the monetary value associated with firearms usually meets or exceeds the statutory threshold for grand theft, which may be set at $300 or more in several jurisdictions.

Other options, while potentially thefts, do not consistently meet the criteria for grand theft across various jurisdictions. For instance, the theft of a cell phone or store merchandise may not always exceed the value threshold necessary for grand theft, as many items in these categories can be valued under that limit. The theft of a family heirloom could also vary dramatically in value, depending entirely on the specific item. Therefore, the theft of a firearm is a clear-cut example that aligns with the legal definition of grand theft due to its typical value.